CoStar Group, Inc. (NASDAQ: CSGP), the Washington, DC Based Provider of Commercial Real Estate Information, is in No Way Asso...
June 07 2021 - 7:30AM
Business Wire
CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of
commercial real estate information, analytics and online
marketplaces, issued a statement today clarifying that it is in no
way associated, related or linked to Chinese firm CoStar Group Co.,
Ltd., a company principally engaged in the research, development,
design, manufacture, processing and sales of optical parts and
components.
CoStar Group, Inc.’s clarification is a response to the Biden
Administration’s June 3, 2021 Executive Order expanding
restrictions on American investments in 59 Chinese companies with
alleged associations to the Chinese defense sector. Among the list
of companies was Chinese firm, CoStar Group Co., Ltd.
About CoStar Group
CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of
commercial real estate information, analytics and online
marketplaces. Founded in 1987, CoStar conducts expansive, ongoing
research to produce and maintain the largest and most comprehensive
database of commercial real estate information. Our suite of online
services enables clients to analyze, interpret and gain unmatched
insight on commercial property values, market conditions and
current availabilities. STR provides premium data benchmarking,
analytics and marketplace insights for the global hospitality
sector. Ten-X provides a leading platform for conducting commercial
real estate online auctions and negotiated bids. LoopNet is the
most heavily trafficked commercial real estate marketplace online.
Realla is the UK’s most comprehensive commercial property digital
marketplace. Apartments.com, ApartmentFinder.com, ForRent.com,
ApartmentHomeLiving.com, Westside Rentals, AFTER55.com,
CorporateHousing.com, ForRentUniversity.com and Apartamentos.com
form the premier online apartment resource for renters seeking
great apartment homes and provide property managers and owners a
proven platform for marketing their properties. Homesnap is an
industry-leading online and mobile software platform that provides
user-friendly applications to optimize residential real estate
agent workflow and reinforce the agent-client relationship.
Homes.com offers real estate professionals brand and property
advertising that connect consumers with real estate professionals.
CoStar Group’s websites attract tens of millions of unique monthly
visitors. Headquartered in Washington, DC, CoStar maintains offices
throughout the U.S. and in Europe, Canada and Asia with a staff of
over 4,600 worldwide, including the industry’s largest professional
research organization. For more information, visit
www.costargroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210607005207/en/
Investor Relations: Bill Warmington Vice President CoStar
Group Investor Relations (202) 346-5661 wwarmington@costar.com
News Media: Matthew Blocher Vice President CoStar Group
Corporate Marketing & Communications (202) 346-6775
mblocher@costar.com
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